Page 49 - Banking Finance December 2021

ARTICLE

X Child mortality Reduction its activities on its own or through a third party, such as a

X Meternal health improvement society, trust, foundation or Section 8 company (i.e., a
company with charitable purposes) that has an established
X Water Supply including Drinking Water:
record of at least five years in CSR-like activities. Companies
X Contribution to the Swach Bharat Kosh may also collaborate and pool their resources, which could
X Contribution to the Clean Ganga Fund be especially useful for small and medium-sized enterprises.
X Contribution to COVID -19 Pandemic Impact of CSR on Society
No project, rule or law can bring change unless it is
The Above list is illustrative not exhaustive. All activities measurable in quantitative terms. The objective of CSR is
under CSR should be environment friendly and socially to bring visible changes in the life of communities in which
acceptable to the local people and Society.
the companies are operating through their synergy and
efficiency. The impact of CSR activities can be seen by the
Administration of CSR Projects huge amount spent by number of eligible companies through
The Corporation can meet its CSR obligations by funneling various projects which is depicted in table as under -

Amount Spent by companies on various projects over a period of time

Year Total No. of Total Amount States & UTs Total No. of Development Average Spent
Companies Spent on CSR Covered CSR Projects Sectors Entered per project
(INR Cr.) by Companies (INR Cr.)

2014-15 16548 10066 36 9365 29 1.07
2015-16 18291 14517 36 18468 29 0.79
2016-17 19546 14333 36 23073 30 0.62
2017-18 21441 13708 36 23833 29 0.58
2018-19 24902 18653 36 30619 29 0.61
Cumulative total 71277 105358 0.68

Source:-National CSR Data Portal (www.csr.gov.in)
It is evident from the above table that total amount spent by companies is increasing every year and almost all the states
& Union territories are beneficiaries of these CSR projects. Almost 71000 crore rupees have been spent by the companies
on around 1.05 lakh projects by bringing small but long lasting changes in the life of the communities.
Similarly, performance under CSR can also be measured by cumulative amount spent by companies under various
development sectors.
Amount Spent by companies on various development sectors over a period of time

Development Sectors Amount Spent over a period of time Cumulative Amount
FY-14-15 FY-15-16 FY-16-17 FY-17-18 FY-18-19 Amount Spent
(INR Cr.) (INR Cr.) (INR Cr.) (INR Cr.) (INR Cr.) (INR Cr.) (in %)
Education, Differently 3188.09 4921.06 5559.13 5822.47 7499.26 26990.01 37.87%
Abled, Livelihood
Health, Eradicating 2525.92 4633.46 3658.14 3316.25 4958.48 19092.25 26.79%
Hunger, Poverty And
Malnutrition, Safe
Drinking Water,
Sanitation

BANKING FINANCE | DECEMBER | 2021 | 49